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Aussie Trading Room and Cartoons Gallery

  • #12,941
  • Nov 13, 2012 12:26pm Nov 13, 2012 12:26pm
Quoting DaddyBear
What do you think about this triangle? What is next?
This is what I see .........
Attached Image (click to enlarge)
Click to Enlarge Name: SEESAW-4.JPG Size: 59 KB
daddybearforex. com
  • #12,942
  • Nov 13, 2012 12:28pm Nov 13, 2012 12:28pm
Quoting DaddyBear
What do you think about this triangle? What is next?
That's a tough one. I'd wait for the triangle to break - or play within the triangle in the meantime.

BTW, I'm out of my aud long and will concentrate on nzd - given today's news release.
  • #12,943
  • Nov 13, 2012 12:29pm Nov 13, 2012 12:29pm
Quoting maximmm
That's a tough one. I'd wait for the triangle to break - or play within the triangle in the meantime.
The base is 1.0395. Are you waiting for a break at that level before entering short positions?
daddybearforex. com
  • #12,944
  • Nov 13, 2012 12:32pm Nov 13, 2012 12:32pm
Quoting DaddyBear
The base is 1.0395. Are you waiting for a break at that level before entering short positions?
How do you play within the triangle?
daddybearforex. com
  • #12,945
  • Nov 13, 2012 1:06pm Nov 13, 2012 1:06pm
The triangle is still intact so far.
daddybearforex. com
  • #12,946
  • Nov 13, 2012 1:13pm Nov 13, 2012 1:13pm
Quoting DaddyBear
The triangle is still intact so far.
upper line is resistance lower line is support
  • #12,947
  • Nov 13, 2012 1:20pm Nov 13, 2012 1:20pm
Quoting Tim_isoara
upper line is resistance lower line is support
I see a bear flag alongside with the upper line.
Attached Image
daddybearforex. com
  • #12,948
  • Nov 13, 2012 1:21pm Nov 13, 2012 1:21pm
Quoting DaddyBear
I see a bear flag alongside with the upper line.
Or a wedge.
daddybearforex. com
  • #12,949
  • Nov 13, 2012 1:25pm Nov 13, 2012 1:25pm
Quoting DaddyBear
Or a wedge.
i wait a confirmation for short now
  • #12,950
  • Nov 13, 2012 1:26pm Nov 13, 2012 1:26pm
So far, this is the case.

http://www.forexfactory.com/attachme...1&d=1352771085
daddybearforex. com
  • #12,951
  • Nov 13, 2012 1:27pm Nov 13, 2012 1:27pm
Quoting Tim_isoara
i wait a confirmation for short now
What kind of confirmation?
daddybearforex. com
  • #12,952
  • Nov 13, 2012 1:32pm Nov 13, 2012 1:32pm
I was wondering if someone can help me understand why everyone is looking to short? All the technicals that I'm seeing are screaming long. Maybe I'm missing something!?
Good luck and may the odds be ever in your favor!
  • #12,953
  • Nov 13, 2012 1:32pm Nov 13, 2012 1:32pm
Quoting DaddyBear
How do you play within the triangle?
Wait for the price to reach the triangle line - place a sell/buy order there - stop outside of the triangle border.
  • #12,954
  • Nov 13, 2012 1:33pm Nov 13, 2012 1:33pm
Quoting dbutton1990
I was wondering if someone can help me understand why everyone is looking to short? All the technicals that I'm seeing are screaming long. Maybe I'm missing something!?
Because deep inside we all hate Australia^^ haha
  • #12,955
  • Nov 13, 2012 1:34pm Nov 13, 2012 1:34pm
Quoting dbutton1990
I was wondering if someone can help me understand why everyone is looking to short? All the technicals that I'm seeing are screaming long. Maybe I'm missing something!?
It depends on your TF and trading style.
daddybearforex. com
  • #12,956
  • Nov 13, 2012 1:34pm Nov 13, 2012 1:34pm
Quoting maximmm
Because deep inside we all hate Australia^^ haha
LOL!
Good luck and may the odds be ever in your favor!
  • #12,957
  • Nov 13, 2012 1:36pm Nov 13, 2012 1:36pm
Quoting dbutton1990
I was wondering if someone can help me understand why everyone is looking to short? All the technicals that I'm seeing are screaming long. Maybe I'm missing something!?
"All the technicals that I'm seeing are screaming long."

Can you post your chart so we understand what you mean.
daddybearforex. com
  • #12,958
  • Nov 13, 2012 1:38pm Nov 13, 2012 1:38pm
Quoting dbutton1990
I was wondering if someone can help me understand why everyone is looking to short? All the technicals that I'm seeing are screaming long. Maybe I'm missing something!?
You may be looking for a few hundred pips while some people are only eying on 20 or 30 pips. Within a bullish large context, there are numerous bearish periods.
daddybearforex. com
  • #12,959
  • Nov 13, 2012 1:40pm Nov 13, 2012 1:40pm
Quoting DaddyBear
You may be looking for a few hundred pips while some people are only eying on 20 or 30 pips. Within a bullish large context, there are numerous bearish periods.
IMO, I'd rather take 30 to 50 pips each trade as many times as possible instead of a 200 pips long shot a few weeks.
daddybearforex. com
  • #12,960
  • Nov 13, 2012 1:42pm Nov 13, 2012 1:42pm
Quoting DaddyBear
IMO, I'd rather take 30 to 50 pips each trade as many times as possible instead of a 200 pips long shot a few weeks.
The point is recycling your available fund as frequently as you can. Don't get me wrong, I am not a scalper.
daddybearforex. com
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